What is an HTS code? It is a 10-digit code belonging to the system of classification used in the US to categorize imported goods. Interestingly enough, the first 6 digits of HTS codes are actually the HS codes (international classification system accepted worldwide), and only the final 4 ...
If you don’t provide a valid HS code for every item in your package, you could receive incorrect customs charges, your package may be delayed in customs or stopped entirely. HS code examples If you’re looking for HS code examples or simply wondering, what is the HS code for shippin...
How to find the HS code The responsibility of providing the HS code is always that of the shipper, so you’ll need to carry out a harmonized code lookup when you ship. You can find the HS code for your product via your country’s government website, or by using DHL Express’ ...
Using the correct HS code and the right interpretation is of utmost importance, as usage of incorrect code may be considered by customs as non-compliance, misleading or misdeclaration – each of which comes with its associated penalties. Using the correct HS code can be quite tricky in ...
If you’re sending international parcels, there’s a good chance you’ll have heard of commodity codes. UK commodity codes are also called tariff codes or HS codes. But what is a commodity code? Commodity codes are internationally recognised reference numbers used to describe specific goods ...
HS code A HS code is a six-digit code that categorizes each imported good. The first two digits represent the chapter, the middle two digits represent the heading within the chapter, and last two digits represent the sub-heading within the heading. Though HS codes are important to a mercha...
What is an HS code? A Harmonized System code is a unique identifier to classify the exact type of goods being shipped. The system is internationally recognized; the customs department of a country defines different regulations based on different classifications. ...
Using the UK Integrated Online Tariff tool Suppose that a company, Trade Finance Global, wanted to import a batch of computers to sell to other companies involved in trade finance. After searching ‘computer’, it becomes clear that the HS code heading for this type of product is ‘8471’....
The general rule is that any ordinary and reasonable expense you pay while conducting a business activity is deductible in the year that it was paid. Jessica WalrackFeb. 26, 2025 Didn’t Pay Estimated Taxes? Do This If you haven't paid your quarterly taxes throughout the year, a...
There is also the potential for disruption to supply chains and labour shortages, which could have a major impact on the sector. How Brexit has impacted online shopping from the UK? Brexit has had an impact on online shopping from the UK in several ways. Firstly, the UK has now left the...